Insider Buying: Balfour Beatty plc (BBY) Insider Buys 52 Shares of Stock
Balfour Beatty plc (LON:BBY) insider Leo Quinn acquired 52 shares of the business’s stock in a transaction on Tuesday, April 18th. The stock was purchased at an average cost of GBX 286 ($3.60) per share, with a total value of £148.72 ($187.19).
Shares of Balfour Beatty plc (LON:BBY) opened at 280.70 on Friday. The firm’s market cap is GBX 1.91 billion. The stock has a 50 day moving average of GBX 275.12 and a 200 day moving average of GBX 272.40. Balfour Beatty plc has a 12 month low of GBX 184.90 and a 12 month high of GBX 299.30.
The business also recently announced a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, April 20th will be given a GBX 1.80 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, April 20th. This is a boost from Balfour Beatty plc’s previous dividend of $0.90. This represents a dividend yield of 0.66%.
A number of research analysts have weighed in on BBY shares. Liberum Capital reaffirmed a “buy” rating and issued a GBX 335 ($4.22) price objective on shares of Balfour Beatty plc in a report on Monday, March 20th. Jefferies Group LLC lowered shares of Balfour Beatty plc to a “hold” rating and dropped their target price for the company from GBX 290 ($3.65) to GBX 280 ($3.52) in a research report on Tuesday, March 28th. Peel Hunt reiterated an “add” rating and issued a GBX 300 ($3.78) target price on shares of Balfour Beatty plc in a research report on Thursday, March 16th. Bank of America Corp upgraded shares of Balfour Beatty plc to a “buy” rating and lifted their target price for the company from GBX 295 ($3.71) to GBX 345 ($4.34) in a research report on Tuesday, April 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Balfour Beatty plc from GBX 280 ($3.52) to GBX 273 ($3.44) and set a “neutral” rating on the stock in a research report on Friday, March 17th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Balfour Beatty plc presently has an average rating of “Buy” and an average target price of GBX 305.29 ($3.84).
Balfour Beatty plc Company Profile
Balfour Beatty plc is an infrastructure company that provides maintenance, upgrade and management services in power transmission, utilities infrastructure, and road and rail. The Company operates through three segments: Construction Services segment, which is engaged in the physical construction of an asset; Support Services segment, which is engaged in supporting existing assets or functions, such as asset maintenance and refurbishment, and Infrastructure Investments segment, which is engaged in the acquisition operation and disposal of infrastructure assets, such as roads, hospitals, schools, student accommodation, military housing, waste and biomass, offshore transmission networks and other concessions.
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